Trucking Business News

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Government, Business, Equipment

E&MU: Eaton, Truck Makers Ready Medium Hybrid for 2008

Hybrid drivetrains, combining diesel and electric power and developed by Eaton Corp., will be available in 2008 on medium-duty truck chassis made by Freightliner Corp., International Truck and Engine Corp. and Paccar’s DAF, Kenworth Truck Co. and Peterbilt Motors Co., according to several announcements by the manufacturers involved.

September 24, 2007
Business, Equipment

Truck Sales Plunge 58.9% in August

U.S. retail Class 8 truck sales continued their 2007 free fall in August, plunging 58.9% from last year, the fourth straight month sales have dropped more than 50%, Ward’s Communications said.

September 24, 2007
Government, Business, Safety

Driving Hours Remain in Effect

The current truck-driver hours-of-service rules — allowing 11 hours of driving and restarting a week after 34 hours of rest — are likely to remain in place for at least several more weeks.

September 24, 2007
Business, Fuel

European Heavy-Duty Truck Sales Booming

Sharply contrasting with the U.S. drop, sales of heavy-duty trucks are booming in Europe as many fleets buy new models early to reap government incentives to adopt new emission technology before it becomes mandated.

September 24, 2007
Business, Safety

2Q Truckload Driver Turnover Rates Fall

Driver turnover at large truckload carriers fell 11 percentage points to an annualized rate of 116% in the second quarter, compared with the previous three months, American Trucking Associations reported.

September 24, 2007
Business

Navistar to Release Financial Statements

Navistar International Corp. said Friday it will issue restated financial results for 2003-2005, as well as its 2007 third quarter fiscal operational metrics at an investor meeting in New York next month.

September 21, 2007
Business, Technology, Fuel

Crude Tops $83 in Latest Record

Crude oil hit a new closing record Thursday, its sixth in seven trading days, as a tropical depression formed in the Gulf of Mexico that was on track to make landfall near New Orleans, Bloomberg reported.

September 21, 2007
Equipment, Business

Freightliner Considers Moving Some Jobs East

Truck maker Freightliner LLC is studying relocating some of the operations in its aftermarket division from Oregon to the East Coast, the Oregonian newspaper reported Friday.

September 21, 2007
Business, Safety, Government

Five Indiana Counties to Switch Time Zones, DOT Says

Five counties in southwestern Indiana will switch from Central to Eastern time beginning Nov. 4, the U.S. Department of Transportation said.

September 21, 2007
Business

IdleAire Files with SEC for Initial Public Offering

IdleAire Technologies Corp. said it has filed for a possible initial public offering with the Securities and Exchange Commission.

September 21, 2007